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onenote

(45,203 posts)
23. Despite the faith you put in the WSJ, it seems likely they weren't right.
Wed Apr 30, 2025, 04:43 PM
Apr 30

The WSJ article's prediction was made when the Dow was down around 6 percent for the month. But the risk in predicting an outcome more than a week before the end of the month is that things change. The Dow recovered almost 2500 points between the date of the WSJ article you cited and today. The month ended up down around 3.2 percent. Now, I can't say for certain whether the Dow had a worse April than this year during the period from 1932 until this year, but the comparison to April 1932, when the market dropped by anywhere from 23 to 37 percent -- depending on the source -- looks a bit silly. And by overstating things, it masks the more important metric: the Dow has dropped by almost 8 percent since "Day One" of the orange idiot's presidency.

Another example that illustrates why the measuring stick should be back to January 21, not merely what happened this past month. The S&P 500 dropped almost 8 percent from "day one" but less than 1 percent during April.

Apocalyptic predictions -- like the one I saw here in early April saying that the Dow would drop all the way to 10,000 by the end of the month, don't help. Focus on reality -- it's bad enough that it doesn't have to be embellished.

Recommendations

3 members have recommended this reply (displayed in chronological order):

Dow worst April since 1932 [View all] malaise Apr 22 OP
He needs to touch himself. OLDMDDEM Apr 22 #1
I almost added malaise Apr 22 #2
I wasn't sure if I should have added it. It could be taken wrong. OLDMDDEM Apr 22 #4
Hehe malaise Apr 22 #5
I know I took it 'wrong' EYESORE 9001 Apr 22 #9
First thing I thought of was his wee hands milking his infected mushroom Celerity May 2 #36
lol RJ-MacReady Apr 22 #13
Wait until they privatize Social Security! Kid Berwyn Apr 22 #3
I think that would be political suicide. Remember Bush Junior trying that? OLDMDDEM Apr 22 #6
The Dow is down Greg_In_SF Apr 22 #7
The Largest Short Term Drop That Year... ProfessorGAC Apr 22 #17
K&R spanone Apr 22 #8
Kind of a weird claim onenote Apr 22 #10
Seems to have been a fictional claim. WarGamer Apr 22 #11
From WSJ -- you two like those rightwing sources, don't you? W_HAMILTON Apr 22 #15
I don't read the WSJ and I don't intend to subscribe onenote Apr 22 #18
lol... WarGamer Apr 22 #19
Yeah -- it could get a lot fucking worse. PS - Nothing the OP or article said is wrong/fiction, but your claim was. W_HAMILTON Apr 22 #21
Today's a new day... where's my calculator? WarGamer Apr 23 #22
Despite the faith you put in the WSJ, it seems likely they weren't right. onenote Apr 30 #23
Actually from open on April 1 to Close on April 30.. DOW was -2.88% WarGamer May 1 #24
Author was just a bit off... April 25, -2.88% WarGamer May 1 #25
bottom line is Skittles May 1 #28
I believe it could have been coordinated. WarGamer May 1 #29
LOL Skittles May 1 #30
yes, they DO Skittles May 1 #27
Yup... WarGamer May 1 #31
An easy why to distinguish... littlemissmartypants May 1 #32
Heard this on CNBC at the time and agree, the month still had several trading days left. Dow 1932 dropped about 25% ... cliffside May 2 #34
Will Trump celebrate this as an "Historic Achievement" or a "Record Breaking Display of Prosperity"? Ping Tung Apr 22 #12
It *is* Greg_In_SF Apr 22 #14
Bessent out today pumping Johonny Apr 22 #16
Good to see our resident Trump/Musk bros got their cues to push back on this. BannonsLiver Apr 22 #20
So much winning! marble falls May 1 #26
April 2024 and April 2022 were worse for the Dow than April 2025, both in terms of points lost and percentage lost Celerity May 2 #33
Thanks n/t malaise May 2 #35
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